Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $183,625.26 in Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 18,109 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $10.14, for a total transaction of $183,625.26. Following the sale, the insider now directly owns 10,481,851 shares of the company’s stock, valued at $106,285,969.14. This represents a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The stock was sold at an average price of $10.00, for a total transaction of $42,560.00.
• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The stock was sold at an average price of $10.09, for a total transaction of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The stock was sold at an average price of $10.16, for a total transaction of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The stock was sold at an average price of $10.28, for a total transaction of $1,517,132.68.

Paragon 28 Stock Down 1.8 %

Paragon 28 stock opened at $10.03 on Monday. The company has a market cap of $839.71 million, a P/E ratio of -13.55 and a beta of 1.52. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $14.79. The company has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $7.37. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79.

Paragon 28 (NYSE:FNA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The company had revenue of $62.30 million during the quarter, compared to the consensus estimate of $60.58 million. During the same quarter last year, the firm posted ($0.10) EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Research analysts anticipate that Paragon 28, Inc. will post -0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FNA shares. Needham & Company LLC increased their price objective on shares of Paragon 28 from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group decreased their target price on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Stephens raised shares of Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNA. Nisa Investment Advisors LLC grew its position in shares of Paragon 28 by 46,660.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $32,000 after acquiring an additional 4,666 shares during the period. Levin Capital Strategies L.P. bought a new position in shares of Paragon 28 in the 2nd quarter valued at about $68,000. Intech Investment Management LLC bought a new position in shares of Paragon 28 in the 3rd quarter valued at about $70,000. Ballentine Partners LLC bought a new position in shares of Paragon 28 in the 3rd quarter valued at about $91,000. Finally, Creative Planning acquired a new stake in shares of Paragon 28 during the 3rd quarter worth about $91,000. Institutional investors own 63.57% of the company’s stock.

Paragon 28 Company Profile

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.